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Current refi mortgage rates report for April 29, 2025
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Current refi mortgage rates report for April 29, 2025

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See Tuesday's report on average refi rates on different types of home loans.
On April 29, 2025, mortgage refinance rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.00%, up from 6.99% the previous week, and the 15-year fixed-rate at 6.25%, up from 6.24%. Despite these rises, experts suggest that rates may stabilize soon due to moderating inflation and potential Federal Reserve actions. Homeowners considering refinancing should compare rates from multiple lenders, as even small differences can lead to significant savings over the life of the loan. Additionally, those with adjustable-rate mortgages might find it beneficial to switch to a fixed-rate mortgage to lock in the current rates before they potentially rise further.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-04-29-2025/ ]